7763 S Elk St, Aurora, CO 80016
3 beds · 3 baths · 2,218 sqft
This stunning 3-bedroom, 2.5-bath residence features a spacious open floor plan that’s ideal for both modern living and entertaining. The bright, inviting living room, accentuated by a cozy fireplace, creates a warm ambiance for those cooler months. Prepare to be impressed by the gourmet kitchen, complete with granite countertops, a large eat-in island, upgraded cabinetry with soft-close drawers, and stainless steel appliances. The gas range is perfect for the home chef, making meal prep a joy. Step through the sliding glass door to discover a charming backyard, beautifully landscaped and ready for enjoyment. The expansive patio is perfect for entertaining, while the thoughtfully designed walkways add a special touch. Upstairs, you'll find three well-appointed bedrooms, an open loft, a primary suite with dual closets, and a primary bathroom featuring a double vanity and ample counter space. Additional highlights include owned solar panels for energy efficiency, a large unfinished basement with endless possibilities, and thoughtful upgrades like luxury vinyl flooring, a whole-home humidifier and a new electrical panel. The roof was replaced in 2019, along with the AC unit and furnace, which also includes a radon mitigation system. Enjoy the convenience of a nearby pocket park and miles of walking trails. This home is situated within the award-winning Cherry Creek School District elementary, middle, and high schools. Southlands Mall, with its restaurants and entertainment options, is just a six-minute drive away, while Target and grocery stores are within five minutes. Denver International Airport is less than 25 minutes away, with quick access to E-470 and I-25. Don’t miss your chance to make this remarkable property your new home!
Source: RECO #4906876
Interest rate and monthly payment estimated based on public records.
Source: RECO #4906876
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #4906876
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